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Tag Archives: CBDC

China Crypto Roundup (Oct 19- Oct 26): China Drafts Law to Legalize Digital Yuan, Bitcoin Goes Viral Again on China’s Weibo, China’s Experimental $1.5 Million Giveaway of Digital Yuan Ended

Oct 26, 2020

Vincent He

The top stories from the Chinese cryptocurrency sphere this past week include: China drafts law to legalize digital yuan, Bitcoin goes viral again on China’s Twitter-like weibo as bitcoin rallies to 13k, China’s experimental $1.5 million giveaway of digital yuan to Shenzhen citizens ende...

Dual Offline Wallet for China’s CBDC is Ready for Test

Oct 23, 2020

Vincent He

“The "dual offline" wallet has been fully developed and having friendly user experience. The wallet is expected to be applied in the follow-up pilot” Said Changchun Mu, the director of the Chinese Institute of CBDC, the public's enthusiasm in participating in the digital yuan pilot pro...

China Crypto Roundup (Oct 12- Oct 19): Chinese Police Cracking Down on Illegal Bank Cards, 2022 Asian Games Tickets Will be Issued on A Blockchain Network, 2 Million People Applied for Shenzhen’s Digital Yuan “Red Packets”

Oct 19, 2020

Vincent He

The top stories from the Chinese cryptocurrency sphere this past week include: Chinese police cracking down on new types of illegal crimes in telecommunication networks, Alibaba’s blockchain subsidiary to issue tickets for the 2022 Asian games in Hangzhou, almost 2 million people applied for ...

Chinese Digital Yuan is Testing Limited Anonymous Transaction

Oct 16, 2020

Vincent He

According to the latest report, DCEP, China’s digital yuan are testing the limited anonymous transaction as the pilot project initiated by Shenzhen’s municipal government has got off to a great start. “Limited anonymous transaction”, that is, the transaction record won’t display the me...

China’s Digital Yuan to Test in Petty Payment First

Aug 19, 2020

Vincent He

A director of the technical department of a bank in China’s Suzhou revealed that the current digital currency application in Shenzhen and Suzhou is mainly concentrated in small-scale scenarios such as retailing, public transportation card recharge, catering. The application scenarios for C...